Jesse Livermore Trading System

A Wall Street Classic

In 1923, a financial journalist named Edwin Lefevre interviewed an investor called Jesse Livermore and he published a book on the trader’s life called Reminiscences of a Stock Operator.

To this day, the book remains a Wall Street classic and sits on the desk of many of the best traders.

The book is regarded as an essential read by such well known traders as Ed Seykota, Paul Tudor Jones and even former head of the Federal Reserve Alan Greenspan.

If you’ve read the Market Wizards series you will know that so many legendary traders have called this book a true classic and this book continues to help thousands of traders learn the markets today.

But do Jesse’s trading rules have any merit in today’s markets?

Well one thing Jesse used to say is that the same market patterns, the same trends occur over and over again. So if that’s true, then Jesses rules should work just as well today as they did then.

And on this course not only will we go over Jesse’s most important trading rules but I’m going to put those rules into actual code and backtest them to see whether or not they work in today’s markets.

The results are both surprising and promising.

Who was Jesse Livermore?

Well, he was born in Massachusetts, in 1877 and in his twenties he moved to New York City to speculate in the stock and commodities market full time.

Over a time period of forty years of trading, Jesse developed an incredible skill for speculation and is said to have accumulated and lost millions of dollars several times over.

At the peak of his fortune, in 1929, Jesse was said to be worth around $100 million. In today’s money, that would be worth somewhere between $1 and $14 billiion.

But Jesse didn’t earn that money trading other people’s funds, he was a completely self-made man, trading with his own money.

He earned the nicknames of Boy Wonder, Boy plunger, and the great bear of Wall Street and his story is one of the most fascinating ever told on Wall Street.

Ultimately, the Jesse Livermore story ended badly, as he committed suicide in 1940.

However, that fact doesn’t detract from his immense trading talent nor the incredible lessons that we can learn from studying Jesse’s career.

Jesse's Best Trading Rules

Throughout this course we will look at Jesse’s best trading rules as detailed in the famous book and we will get right to the heart and strategy of the master trader.

You’ll learn how to become an expert trend trader, the importance of cutting losses and letting winners run, why you should never listen to tips, and why price always follows the line of least resistance.

A Complete Trading System

Then at the end, you'll discover a trading system that I've developed based on Jesse Livermore's trading principles. This is a quantitative trend following strategy that shows a performance of 19% in historical backtests and is included with full code and rules.